padraic deighan: Happy New Year!! Some New Years Perspective on Housing and Lending!!
- 12/31/12 01:13 PM
Real estate is at its most affordable rate in recent history. In my opinion, the real estate market cannot claim to be fully in “recovery” until lending loosens up. Sadly, most homeowners will not be able to take advantage of the great deals out there using conventional financing. According to the Wall Street Journal, lenders are unlikely to ease up on their credit and lending standards in 2013, and “buyers shouldn’t expect that getting a loan will get easier anytime soon.” According to Realtor Magazine a recent spate of refinancing activity has actually contributed to this trend, the report adds, because … (1 comments)
padraic deighan: Thoughts in the fiscal Cliff as We Approach New Year
- 12/31/12 12:38 PM
As I sit watching TV during the countdown to a New Year, there is a lot of press coverage of the looming "fiscal cliff". I recall some insight from some colleagues in the tax attorney sphere, They apparently have consulted with the Congressional Budget Office (CBO) as well as both parties. Apparently, the largest transfer of wealth in the history of The United States is due to take place during the next six years. The first wave of baby boomers will pass weealth to their children in the form of estate (inheritence) revenue and consequently, estate taxes. Apparently, the CBO estimates … (1 comments)
padraic deighan: My Marketing System that Works For Me
- 12/29/12 04:00 PM
Everyone has a system...professional gamblers have a system...anyone directly in sales has a system that they must follow. However, most professionals do not have an organized, structured system. I have developed what has been working exceptionally well for me. I designate 1-2 hours each day on SEO and networking. I refer to this as "BLETWORKING" because it involves my blogs. Many people advocate doing this first thing in the morning. MY sustem is that I do this late at night because this is peaceful time. The phone is not ringing; the TV is not blarring; I put on my favorite music … (11 comments)
padraic deighan: MLS and "Re-Listing" Issues
- 05/25/11 07:02 AM
Many real estate investors contractually arrange to be able to immediately list the property for sale (at a higher price). Legally, there is no problem with this (if done correctly). For example, I recommend stating that the seller is a "contract buyer". This removes the property from the stigma of being a short sale since the contract buyer is paying cash and re-selling as the "B" buyer in an A to B to C transaction.
This has served investors well. However, a problem has developed with the MLS. The MLS in some areas (and presumably more in the future) will … (1 comments)
padraic deighan: Real Estate Investment Considerations for New Investors
- 05/21/11 10:17 PM
With the tremendous number of investment opportunities available today, many investors find themselves wondering where to begin. Some investors discover that it may not make sense to invest in their own market, so they investigate opportunities in other states. Other investors find that there are so many investment opportunities specific to their area, that they become overloaded with information and confusion sets in. Whatever the case, investors intuitively know that there are good investments to be made right now. What is really interesting, however, is the vast universe of information and opinions that exists concerning where and what kind of investment … (0 comments)
padraic deighan: Housing Prices Drop for the 57th Consecutive Month...
- 05/21/11 09:44 PM
Zillow announced last week that home values have fallen for a 57th straight month. This is clearly not good news for anyone but, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard. The Wall Street Journal, announced that the first time home buyers (that purchased as a result of the Obama tax credits) have “lost twice as much to falling house prices as they gained from the incentive”. The initiative began as an incentive for first-time buyers, then it was expanded to include a $6,500 credit for existing homeowners who made a new purchase. The program … (0 comments)
padraic deighan: Housing Prices Drop for the 57th Consecutive Month...
- 05/21/11 09:41 PM
Zillow announced last week that home values have fallen for a 57th straight month. This is clearly not good news for anyone but, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard. The Wall Street Journal, announced that the first time home buyers (that purchased as a result of the Obama tax credits) have “lost twice as much to falling house prices as they gained from the incentive”. The initiative began as an incentive for first-time buyers, then was expanded to include a $6,500 credit for existing homeowners who made a new purchase. The program … (0 comments)
padraic deighan: Interesting Statistics on Foreign Real Estate Investment and Cash Buyers
- 05/21/11 08:55 AM
The National Association of Realtors (NAR)reports that foreign clients and investors spent $41 billion in the United States last year, and that does not include the additional $41 billion that “individuals with visas to stay for more than 6 months” spent in the same period of time. To put that into perspective, these figures represent approximately 8 percent of the entire U.S. housing market in the one year period from March 2010 to March 2011. There is an interesting twist to these figures. Historically, foreign investment in US real estate was in the higher end of the markets - by a … (2 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
Real estate is at its most affordable rate in recent history. In my opinion, the real estate market cannot claim to be fully in “recovery” until lending loosens up. Sadly, most homeowners will not be able to take advantage of the great deals out there using conventional financing. According to the Wall Street Journal, lenders are unlikely to ease up on their credit and lending standards in 2013, and “buyers shouldn’t expect that getting a loan will get easier anytime soon.” According to Realtor Magazine a recent spate of refinancing activity has actually contributed to this trend, the report adds, because … (1 comments)
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